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A donor gave $1,200,000 to a private not-for-profit organization to be held in endowment. In addition, the governing board permanently designated $500,000 to the endowment.
A donor gave $1,200,000 to a private not-for-profit organization to be held in endowment. In addition, the governing board permanently designated $500,000 to the endowment. In the Statement of Financial Position, how should these amounts be classified?
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Principles Of Cost Accounting
Authors: Edward J. Vanderbeck
15th Edition
978-0840037039, 0840037031
